Middle East Economic Survey

VOL. XLVIII

No 32

8-August-2005

Libya

Occidental Petroleum Announces Return To Historical Libyan Acreage

Occidental Petroleum has received approval from the Libyan government to return to oilfields that the company operated prior to its forced departure in 1986. The Los Angeles-based company said in a statement issued on 29 July that the Libyan authorities have approved, effective 1 July 2005, Occidentals recent agreement with Libyas National Oil Company (NOC) whereby...